You are allowed to collect Social Security and earn wages from your employer. However, if your wages exceed $15,480 in 2014, your Social Security benefits will be reduced by $1 for every $2 you earn above that level.
The âStatement of Cashflowâ in Table 1 shows that a self-storage facility with 40,000 net-leasable square feet, in a market with $9-per-square-foot annual rents, will generate $450,000 in gross annual rents at 100 percent occupancy.
This figure should include all rent and insurance premiums paid on the space where the inventory is stored. For example, if you rent a warehouse to store your inventory at a monthly cost of $2,000, the annual storage space cost is $2,000 x 12 = $24,000. Determine the annual taxes paid on the inventory held. You can typically get this information from your company's balance sheet or from your company's accountant.